Stabyl Raises $2.7M Pre-seed

Stabyl, a Nigeria-based fintech startup, has successfully raised $2.7 million in a pre-seed funding round. The company is building a unified liquidity exchange platform designed to streamline foreign exchange for financial institutions and payment providers across Africa, aiming to reduce the operational friction and costs inherent in the continent's fragmented FX landscape.

Investors

The funding round was led by Konga, with no other investors publicly disclosed.

Stabyl Use of Funds

Stabyl intends to use the capital to build out its core liquidity exchange platform and forge critical partnerships. The funding will support product development, the process of securing necessary regulatory licenses, and expanding the company's operational footprint within key African markets to grow its network of financial institutions.

About Stabyl

Founded in 2026 by Prince Nnamdi Ekeh, Zachary Schwartzman, and Michael Anyi, Stabyl is focused on addressing the inefficiencies in Africa's foreign exchange markets. The company provides a unified liquidity layer that supports settlements across both traditional banking infrastructure and blockchain networks, including stablecoin capabilities, to offer capital-efficient FX solutions.

Funding Details

Company Website: https://stabyl.co

Company: Stabyl
Raised: $2.7M
Round: Pre-seed
Funding Date: June 26, 2026
Lead Investor: Konga
Software Category: Fintech
Source: https://au-startups.com/news/stabyl-2-7m-fx-infrastructure